Bitcoin Diamond (BCD) was created to solve defects of Bitcoin

November 0922:002017

After nine years of rapid development and therewith various problems with Bitcoin, such as lack of protection privacy, high transactions fees and slow transaction speed, etc. Base on those defects, EVEY team and 007 team create Bitcoin Diamond.

Bitcoin Diamond (BCD) which created by Team EVEY& Team 007, tried to solve the following defects of Bitcoin. Bitcoin Diamond Foundation are responsible for global operation.

Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866. (Official Website: http://www.btcd.io/index.html). Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. The original Bitcoin blockchain will continue on unaltered, and a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond”.

Bitcoin Diamond solves the following defects:

1. Protection of Privacy:Encrypting the amount and balance to protect customers’ privacy.

2. Fast Transaction Confirmations.Bitcoin Diamond has raised the block size as part of a massive on-chain scaling approach. There is ample capacity for everyone’s transactions. The speed of generating blocks will be increased five times and the ultimate goal is to improve transaction confirmation speed for the entire BTC blockchain.

3. Lowering the Cost for Participation ThresholdsReducing the transaction fees and the cost of participations: The total amount of Bitcoin Diamond is decuple of Bitcoin which means reducing the cost of the new participations and lowering the thresholds.